ABOUT THE COMPANY:

The Company, based in Austin, TX, provides cloud services, managed hosting, email, applications, and other IT services to small- and medium-sized companies.

SITUATION:

Following the purchase of the Company by a new equity sponsor, growth was slow to materialize from investments in private cloud infrastructure and new capabilities. The Company saw margin declines and approached default. New leadership was introduced to restructure and revitalize the business. The Company’s first and second lien lenders engaged outside advisory firms to assess management’s plan and to provide oversight.

ENGAGEMENT:

G2 was selected to represent the Company’s second lien lenders. A Phase I strategic assessment was completed in late 2016. Following delivery of the Phase I assessment, G2 was engaged to complete a Phase II in early 2017 to support ongoing negotiations between the lenders and the equity sponsor.

OUTCOME:

G2’s strategic assessments and quarterly monitoring of the Company served to support the second lien lenders in their ongoing negotiations with the first lien lenders and equity sponsor throughout 2017 and 2018.

DEAL TEAM:

TAGS:

Exclusive Restructuring Advisor

Technology & Business Services

Financial Restructuring

MORE LIKE THIS

Exclusive Restructuring Advisor

Project Vancouver

Financial Restructuring

Exclusive Restructuring Advisor

Project Admiral

Phase 1 Strategic Assessmment and Operational & Financial Restructuring

Exclusive Restructuring Advisor

Project Catch

Financial Restructuring

Exclusive Restructuring Advisor

Project Golden

Operational Revitalization  

Exclusive Restructuring Advisor

Project Merchant

Financial Restructuring  

Exclusive Restructuring Advisor

Project Audio

Financial & Operational Restructuring

Exclusive Restructuring Advisor

Project Bay

Operational Restructuring  

Exclusive Restructuring Advisor

Project Husky

Operational & Financial Restructuring

Exclusive Restructuring Advisor

Project Bluebird

Financial Restructuring

Exclusive Restructuring Advisor

Project Hoosier

Operational Restructuring

Connect With Us.

Image
Homepage Contact
Services of Interest